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Energy Management System MarketBased on careful analysis, the report by Market Research Future (MRFR) states that the energy management system market is set to be highly profitable with the market value of USD 89 Billion by 2023, recording a healthy CAGR of 18% during the forecast period (2017–2023).Energy Management Systems (EMS) refers to a solution that includes software and associated hardware as well as communication systems for improvement of energy efficiency.
EMS find applications in a large number of verticals like telecom and information technology (IT), commercial and office buildings, power and energy, hospital, manufacturing, school and university Systems.
Moreover, the energy management systems market is highly fragmented, offering simple to complex energy monitoring dashboards along with software such as analytics of high degree.In addition, the growing use of smart grid services, increasing competition among industrial enterprises, and supporting government policies as well as incentives associated with energy efficiency will lead to a strong growth of the energy management market in the future.Market SegmentationThe market for energy management system is segmented into software, solution and vertical.The software segment includes utility EMS, industrial EMS, residential EMS and enterprise carbon & energy management.Whereas, the solution segment consists of demand response management, carbon energy management, utility billing and customer information system.The vertical-based segments in the global market are power & energy, telecom & IT, manufacturing, enterprise, healthcare and others.
The manufacturing centers consist of equipment that need to run continuously, a factor highly critical to the plant operations.
Thus, various manufacturing plants are making efforts to optimize their carbon footprint by making use of energy management systems, which has driven the growth of the manufacturing industry in the energy management system market.Regional InsightThe regional analysis of the energy management system market has been done for the regions of Asia Pacific, Europe, North America, and Rest of the World.Among these, North America has been estimated to be the largest market in the global market, owing to the increasing demand for adoption of building energy management systems (BEMS), resulting in a healthy environment across the building.Europe is set to acquire the second position in the global energy management system market, on account of government initiatives for the implementation of energy saving plans along with promotion of renewable energy resources.
For instance, the Italian government introduced the Energy Efficiency Certificate trading scheme, targeting energy service company entities along with Conto Termico, which mainly focusses on the building sector.Increasing industrialization and advancements in technologies supplement the growth of energy management systems market in the Asia Pacific region.
Market AnalysisThe global email marketing market share is predicted to grow at a healthy 15.2% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis.
The key benefits of email market solution is in building customer loyalty, increasing the number of leads, and increasing sales.
As per the recent MRFR market estimates, such factors include increasing digitalization worldwide, growing number of internet users, increasing trend of digital marketing, surge in the acceptance of smartphones and tablets, growing internet penetration even in remote or distant locations, increasing use during COVID-19 pandemic, launch of 5G network facility, rise in hosted service and email marketing providers, growing acceptance of digital literacy and awareness, and cheapening of tariff rates.
On the contrary, budget constraints, lack of awareness among SMEs in developing economies, lack of infrastructure in emerging economies, growing security issues, and stringent regulations related to user data privacy may limit the global email marketing market growth over the forecast period.
By component, the global email marketing market is segmented into services and solutions.
By industry vertical, the global email marketing market is segmented into IT and telecom, BFSI, media and entertainment, transportation and logistics, education, food and beverages, travel and hospitality, retail and consumer goods, and others.
The key benefits of email market solution is in building customer loyalty, increasing the number of leads, and increasing sales.
Various factors are fuelling the global email marketing market share.
As per the recent MRFR market estimates, such factors include increasing digitalization worldwide, growing number of internet users, increasing trend of digital marketing, surge in the acceptance of smartphones and tablets, growing internet penetration even in remote or distant locations, increasing use during COVID-19 pandemic, launch of 5G network facility, rise in hosted service and email marketing providers, growing acceptance of digital literacy and awareness, and cheapening of tariff rates.
On the contrary, budget constraints, lack of awareness among SMEs in developing economies, lack of infrastructure in emerging economies, growing security issues, and stringent regulations related to user data privacy may limit the global email marketing market growth over the forecast period.
By component, the global email marketing market is segmented into services and solutions.
By industry vertical, the global email marketing market is segmented into IT and telecom, BFSI, media and entertainment, transportation and logistics, education, food and beverages, travel and hospitality, retail and consumer goods, and others.
